all the investment banks around the world are in switzerland this week and we know switzerland has been executing arrest warrants for all sorts of people around the world perhaps we can get them to arrest some of these bankers and in switzerland at the moment but because they haven't we're going to look at some headlines which we'll see more of because no bankers on the wall who have perpetrated this great financial crime are allowed to roam freely first headline. tunisia central bank admits it is missing one point five tons of gold oh so as we've been reporting of course tunisian president ben ali fled the country but he took twenty four percent of the nation's gold supply notice that he didn't take twenty four percent of the nation's u.s. dollar supply know only gold as money then they know that also according to egypt news the country's airport has intercepted fifty nine shipments of gold directed for the netherlands worth tens of millions of dollars that's me out of that gold it could be somebody rich an agent getting ready for the collapse of the mubarak regime just as an tunisia a

switzerland for the world economic forum and general bushnell brings us the latest from the former hello general so what are the key points of schalit speech at the round table. speaking in english she says that russia is moving to the mix of development of its economy that it must be based on people power not just the natural resources they were willing gas that is traditionally relied on i always leave the pepsico deal that you've just talked about will focus on that it's consumer goods it's people driven and as you've been hearing the head of pepsi very excited by that we were speaking to the head of we're told that they've really he says plans to turn into the world's largest they reproduce exporting russian favorites like fear and resin go all over the world so it's really a sea change in the way that russia does business and the way it conducts its economy because at the moment many foreigners would be struggling to find many russian brands that they can name outside of the country we also heard from microsoft reminding people that russia does have a difficult reputation as times a

representatives headed by the deputy prime minister of all of our days daniel bushell is live in switzerland and has been listening to what he said. mr chevelle of really saying that russia needs to move from a resource based economy that's natural resources oil and gas to a people based one really pointing to the pepsi co deal approved with the purchase of we're both russia's largest dairy producer and he also added that he understands the difficulties that foreigners perceive in russia and that they're working to improve it first transparency we understand that these may be number one for all the government and for the all the institutions we need to you know to to work on it what can we say to the existing and possible investors how can we attract new investors and we all you know came to the conclusion dead providing more and more transparency in all the institutions will show that russia is changing what the head of pepsi was also on stage and she was very bullish not only about the deal with wimbledon but also about the general perspective for the russian economy we're not there it's a

. >> there is a growing move to scrap or reduce military service in neutral switzerland. all swiss members serve in the army starting at age 19 for a five-month stand. that means an army of 180,004 a country of 7.5 million. too big and too expensive, say many. >> you are in the army now. at 8000 young swiss men began their military service this winter. their first task -- learning to shoot. how to fight a war in a country that has not fought a war in centuries. >> you get mentally and physically drained. add to march. mentally drained means to fulfill the job in a precise manner in a limited time. >> but that sounds more like a bonding exercise then an army. and a very expensive one, too. the problem for switzerland in the 21st century is the army costs $4.5 billion every year, and no one is sure what the target is anymore. least of all the new recruits. >> i am just here because i have to be. i do not see a war. we are just shooting around. >> i do not like the gun. if somebody tells me, oh, you have to shoot the head and body, i do not like it. that is a person. i would

call or click today. >>> welcome back from davos, switzerland. leaving office, president bill clinton has focused on a whole host of issues through his clinton global initiative. i spoke with him at the meeting here in davos, switzerland at the world's economic forum about his top initiative today, job creation. >> in the united states i think the biggest problem we have is to try to accelerate the rate at which we're creating jobs. so where we're going now, it will take six years to recover the jobs that were lost in the recession, not counting the five million or so we'll have to generate just to keep up with population growth. >> and you're going to be launching cgi america, basically a job summit? >> yes, i am. it occurred to me that not just american employers, but international employers with operations in america ought to be brought together with banks and others. you know, there is a lot of money in america now. the banks have over $2 trillion in cash uncommitted to loans. corporations have almost $2 trillion, right at $2 trillion there i

because of the attack president medvedev delayed his appearance at the world economic forum in switzerland where he was due to make the opening speech that decision follows expressions of support from across the international community and there are signs of a gradual acceptance that north korean action extremism has international roots in a few moments we'll get a report from laura member for now we can cross to live pictures of the members of the united nations in new york they are standing and having a moment of silence a minute of silence in remembrance of yesterday's terrorist blast that's that's about this very moment. obviously not just moscow not just russians are mourning the deaths of thirty five people because of yesterday's attack at the doma jennifer airport that suicide blast there but the entire international community right there showing a minute of silence at the united nations in new york that will live pictures right here on our let's get back to our main story here about the domodedovo blast and the fact that because of the blast president dmitri medvedev decided to del

that was our reporting from davos switzerland and head of our forum to me treatment here the explain why he thinks that involvement in davos is so important for russia you can watch the full interview in just under fifteen minutes time but for the meanwhile here's a quick preview. i first went there when i worked in the government i did like it because the atmosphere at the forum was very good you don't even need to wear a tie at the same time you can easily run into a major or not so major businessman a president or prime minister grab them by the sleeve ask about things. is to promote awareness of russia's capacity its economic and legislative strength and capacities by talking openly about the. right now let's check out some other major headlines from around the world in brief this hour opposition groups in egypt are calling for a second day of inspired rallies following a government decree banning protests police used tear gas and beat demonstrators in an effort to disperse yesterday's unprecedented rallies against the government the unrest comes against a backdrop of growing ang

gas units are r t zurich switzerland or the type of business with you. hello and a very warm welcome to me of business update the markets in russia have reacted calmly to the booming of domodedovo airport analysts say that time will have a little long term impact on the investment climate has a certain level of risk was a registrant. i don't think the. be a significant factor for the risk perception with respect to russia i think that. this effect will be short lived. eventually these are folks will be overcome. and. i think that it will have a material impact on the performance of russia's financial markets in the course of the coming months. to look at the numbers and both my six and the r.t.s. are coming under pressure from the falling oil price while that softer saudi arabia hinted it may arise hurried out to satisfy a rising demand the r.t.s. is flat as you can see on the screen on the mice it is off less than ten percent. bank shares are up one point three percent on the mice it's up to the country's top blunders saw twenty to ten profit rise five

switzerland. he's cancelling it all together so we still are expecting him to come to davos at some stage this week he was supposed to make this very important opening speech but now it looks like he may may not make that speech we don't know whether he's going to be here on wednesday in time to make it so someone else may have to make it to his place we have heard that he may come on thursday or he may come on wednesday to make that speech and then leave almost immediately afterwards in the aftermath of this tragedy president medvedev received telephone calls and letters and messages of condolence to leaders all around the world and of course he can expect more of the same when he arrives here and if indeed he does come the u.k. prime minister david cameron will be here and of course we now know that two britons were killed in this attack we can expect them to have a conversation about that and it's interesting what's happened as far as attitudes in the world towards terror attacks in russia. in

zurich switzerland. russia's lower house of parliament the state duma is considering ratification of russia u.s. strategic arms reduction treaty in a search and a last reading are going off has the details very likely that the state is going to ratify the new strategic arms reduction treaty between moscow and washington was initially it was backed by. the presidents of both countries and the united russia party which holds the majority of the seats in the parliament also let the media know previously that it's very likely that the treaty is going to be ratified this is the third and final meeting it's already started actually starting with a minute of silence in commemoration of the victims of monday's blast in the world airport after it's a ratified in the state duma formalities will be left it should be reviewed by the federation council and then signed by the president just to remind you this is the third such between moscow and washington the first one was signed back in one thousand nine hundred one

course after the russian president's opening speech well arty's lore and it has the details from switzerland well it was a speech that began with an introduction by the head of the world economic forum klaus schwab and he introduced president medvedev for the us the audience to stand and observe a minute's silence in memory of the victims of monday's blast of air force and that set the tone certainly for the beginning of the speech president medvedev said that the pain that they're feeling in russia now strengthens international resolve to fight a common fight against terror and he also had some quite defiant words space for the terrorists and for the gathered audience years of dorsey were sure that those who committed this terrible act targeting citizens of different countries expected their actions to bring russia to its knees but they thought room he also talked about other things environmental issues he said that we're just one natural disaster away from essentially complete meltdown he's talking about events like the icelandic volcano erupting that stopped flights in europe and the extr

first person you ever come out and leak this information out to the public so i think everyone in switzerland we are watching this very very closely but there is a kind of balance here because everybody has their bank account wants their information to be kept secret but i think that that is really the basis on which this court case is going ahead but here we have a different case where you've got many very rich very powerful powerful people with fantastic amounts of assets we're talking about big corporations too and those i don't think you really should be treating those in the same way and looking and guarding their privacy in the same way as ordinary people because there is a i don't think it's much much doubt here that there's massive tax evasion been going on and the swiss authorities have been too relaxed on it for far too long and now they're going to get their comeuppance so huge ramifications for the banking sector not only in potentially but also across the world but let's also talk about the ramifications of the wiki leaks fell do you think the fact this. has now been taken to cou

on the second day of the davos economic forum in switzerland the russian economy has been at the center of much discussion follows the russian president's opening keynote speech on wednesday but it's hard to use that laura reports who spoke more about real life than that of big business. well it was a speech that began with an introduction by the head of the world economic forum klaus schwab and he introduced president medvedev. and observe a minute silence in memory of the victims of monday's blast and damage. and that set the tone for the beginning of the speech president medvedev said that the pain that with every leg in russia now strengthens international resolve to fight a common fight against terror and he also had some quite defiant words space for the terrorists and for the gathered audience hears a door so sure those who committed this terrible and targeting citizens of different countries expected their actions to bring russia to its leaders but they thought he also talked about other things environmental issues he said that we're just one natural disaster away from essential

switzerland. russia's lower house of parliament the state duma is to consider ratification of russia u.s. treaty to arms reduction treaty in a third and last reading or does it work as kind of joins us live from very hard moscow with more details on this story it or it seems like we're very close to the actual ratification of the treaty by the russian side so what are the chances of success there well the chances are quite high it's very likely that this the duma is going to ratify the new strategic arms reduction treaty between moscow and washington just initially it was backed by the presidents of both countries and the united russia party which holds the majority of the seats in the parliament also let the media know previously that it's very clear that the treaty is going to be ratified this is the third and final meeting it's already started actually starting with a minute of silence in commemoration of the victims of monday's blast in the airport after a ratified in the. formalities will be

castro's r t switzerland. time now for business update with your don't go away. hello that's time for a business update that's right the markets in russia have reacted calmly. or shop to an initial so long as the news broke on monday afternoon which is had staged a steady recovery analysts say that will help a little long term impact on the investment climate has a certain level of brit's was a reference to the sectors where in effect is most likely to be felt will be in transport and tourism let's take a look at the numbers now there are chances up quarter of the cent while the my six has just ticked below the waterline five cent oil companies all providing the main support. function as a leading the gains on the my six off to the country's top blend so twenty to ten net profit rise five fold under russian accounting standards the ports the plan still to purchase investment house for a good dialogue is also sparring investor interest metals company m k is the biggest loser on the mice it's worth one point two percent loss as well continues to go down but russian

dmitry medvedev told the world economic forum in davos, switzerland, that it needs a concerted effort by all. we have this report. >> delayed but unbowed, the russian president, dmitry medvedev, arrive at the economic summit in davos, switzerland, late, after the bombing at moscows main international airport that kept him at home. -- mosque coat -- moscow's main international airport. there was a moment of silence in memory of those killed and injured. it dominated his opening remarks. the tragedy had provoked indignation throughout the civilized world, he said. but, he noted, it did not stop him from coming to davos. terrorism, said mr. medvedev, - the value of human life. he said there was no universal recipe to fix this, but he said it depends on solidarity and concerted action, especially given globalization. it is these globalization pressures that brought president medvedev to davos, to promote business opportunities in russia and attract new investment. russia has ambitious plans to create its own silicon valley, to promote tourism, new industries to add to its best expanding e

for now, switzerland's army is still marching. no one is sure in which direction. >> they provide some of the most beautiful explosions of color. the tropical coral reefs could disappear within half a century. they provide a vital role in supplying fish stocks but rising sea temperatures are putting them at risk. >> intricate, strange, and with an infinite variety of colors and forms, corals are one of the wonders of the undersea world. these are growing safely in the aquarium's in london. at sea, pollution, damage, and rising temperatures are taking their toll. next it is a difficult time to be involved because year-on- year, we see coral reefs being lost and the health of coral reefs being compromised. unless we do something concrete right now, we are going to lose this. >> fishing by dynamite is one major threat. explosives killed the fish and guarantee it did catch. down below, there is devastation. even where fishing is controlled, reeves could die from a minute to warming of the water -- feefreefs could die frm a minute warn

so we check them out in switzerland. >> the rocker. a ski almost as broad as a snowboard is all the rage this season. it's at home in deep snow. what was once restricted to the pros of the freeride world tour is set to conquer the market this year. the rocker arouses hopes for example, here at the ski manufacturing company faction in verbier, switzerland. >> rocker technology is a huge advancement. what we are saying if is it has great potential to be applied across the whole spectrum of skis alpine skis and freeride skis. and so we think it could be huge. >> but we can the 15- centimeter wide rocker really do? skiers tino schiffer and minh becker find out so they rent paras. the rocker curves out much more at the end. >> they prepare to ascend the mountain with their new skis. they meet mountain guide france away perraudin. he fills them in on what to expect on their ride. >> first a ride on the far side, and then we'll head toward marlena. it's nice and peaceful, and we'll see what we find on the 14r0e7s there. >> the group also incl

neither is switzerland and they're not in european union or norway in the north and your opinion what was saying really is we want to different relationship with the european union we do not want to be within this political superstate united states of europe with its flag and its and its parliament and its president and all that we don't want that we want a perfectly amicable friendly trading arrangement with the you just like switzerland. but we don't want the politics you know that is really submerging our country way of doing things our judicial system and our culture within this that we don't want and we don't need that i was you say we are the largest trading partner britain is with the continental e.u. we are the prime position to actually have a perfectly respectable and very amiable free trade agreement free trade agreement many are saying that we've only seen the beginning of protests against austerity measures. on the streets are you one of them or do you think it's going to in two thousand and eleven i think it will get worse and i do fear you know you have some extreme pro

and germany present bed of this postponed his visit to switzerland where he was to attend the devils forum the president says the dead of the managers must be charged with a security failure but experts say it's the police responsible for safety at russian apples. thank you for your time says appeared over my first question to you now what's happened. seems to indicate that moscow come a very dangerous place to live and do you agree you know this just confirms something that i often see you know that the whole world and especially in russia. or. in the war. on terror there's a new way and we should never forget about this whether we like it or not that's something we'll have to live with for many years to come. any other big city is a soft target for terrorists let's go back to the war you've just mentioned so you're one of those who think we're still at war age there are a lot of people who think so not only in russia but also in america in the u.k. in other countries so you think the war is not over yet right well i would not wish well it's not the same kind of war as world war one

in the russian capital is due to give an opening speech in just a few moments from now there in switzerland. plus russia's upper house of parliament unanimously ratifies the new deal with the u.s. the final step before the president will see each nation deployed warheads reduced by a third. just mentioned dmitri medvedev is about to give the keynote address to the world economic forum in davos and the speech delivered by the russian leader will be officially opening the five day event now i understand they are holding a minute's silence at the moment clearly in respect of the recent incidents occurring here in moscow let's not cross over live to switch. mr president. it's a special on particular lead given so tell me able to touch me in moscow to welcome you here. in davos and i should say to welcome you back to davos many of the memorable so we briefly when you made your impressive speech which by the way was called maugham of us in two thousand and seven after a decade of posts soviet economy compared to crew turmoil russia has reasserted itself as a leading global player. as a member of

and he's opening keynote speech at the economic forum in switzerland to meet to me said terrorists are trying to bring russia to its knees with monday's suicide bombing but the president insisted they had failed and called for global solidarity against terrorism. plus russia's upper house of parliament unanimously ratifies the new nuclear production deal with the us the full being signed by the president treaty will see each nation's deployed warheads produced by. one ahead of his speech in total russian newspaper what he expects from the world economic forum that the president was planning to put forward his views on the global economy but the. main airport change the course of the interview and that's next on r.t. . i apologize for the delay it was because of the attack of domodedovo. i just had a working meeting with the heads of the law enforcement agencies and the transportation minister this was obviously a terrorist attack planned in advance they used the worst possible scenario judging by the location and other interac signs the attack was well planned and aimed at killing as m

and his opening speech at the forum in switzerland said terrorists were trying to bring russia to its knees with monday's suicide bombing at a moscow airport but the president just did they had failed and called for global solidarity against terrorism. in russia bombing victims of people gathered to pay tribute to the thirty five people killed one hundred of those injured remain in hospitals and some are still in critical condition. plus russia's upper house of parliament unanimously ratified the nuclear reduction deal with the us the final step before being signed by the president the treaty will see each nation's deployed warheads reduced by a third. and i'll be back with more news for you more developments in less than fifteen minutes from now in the meantime sports news is next with. hello there you're watching the sport and these are the headlines. hearing into this means of one of the over sets up a loss for clash with clijsters the aussie open. but it's a sad end for nadal the top seed holding out to david for their. would jack bid terry q coach in his bid to sign for scotland

the russian economy took center stage on the second day of the dallas economic forum in switzerland it follows president dmitry medvedev steamboats speech that opened the form on wednesday. algeria egypt and yemen and now they include top in the wave of violent and to government protests that started in tunisia some on the bass sound joint paolo's with the color revolutions to see them pose some treats. as the headlines up next is the need to show spotlight on the program this time focuses on ways of safeguarding russia from terrorism. hello again. today my guest on the show is. this week the deadly attack on russia. has cost more than one hundred victims including foreign citizens dozens are in hospitals some of them in critical condition police say this was a terrorist attack the bomb was carried into the building through an unsecured entrance how can we feel safe in the country. here is vice president of the international vets association the. dead of an apple or two place in the international arrivals the police say the bomb was stuffed with shrapnel to cause serious injury and dam

elmer himself is headed to court in switzerland to answer charges of violating the country's strict bankingaws. his former bank employers accuse him of launching a personal vendetta against the bank. charlie d'agata, cbs news, london. >>> this morning on "the early show," singer james blunt performs live. i'm terrell brown. this is the "cbs morning news." . i'm terrell brown. this is the "cbs morning news." better breakfast at subway r with the $2.50 breakfast combo. get a 16oz. cup of piping-hot seattle's best coffee and a savory new sunrise subway melt built fresh to your order for just $2.50. subway. build your better breakfast. >> man: delivering a 200-pound ice sculpture means i don't have any margin for error. one wrong turn, and i could end up unloading a puddle of water. >> gps: turn right ahead. >> man: so i make sure i have the right guidance to get me exactly where i need to be. it's the same with taxes. turbotax has a unique gps feature that guides me step-by-step. automatically double-checks along the way and even lets me talk to a tax expert so i'm never alone. which helps me

well the terrorism has been in the spotlight at the world economic forum in davos in switzerland and in his opening keynote speech the need to move at the moscow airport bombers wanted to intimidate russia but it once again failed and it's the first time russia has been represented at the forum by its leader well the visit will be shorter than planned due to monday's attack on done with. the war and it is in davos and she has the details. of course he started by talking about the terror attack on monday at the other airports in fact klaus schwab who introduced him the head of the world economic forum asked everyone to stand on their feet and observe a minute's silence in honor of the victims then met at a started to talk about the attack and he said that they all felt the pain of loss but it had strengthened the world's resolve to combat this international threat of terror that we see society it spreads indignation throughout the world and he again thanks leaders of other governments who had sent him messages of condolence but there was also element of defiance in what he said he sai

on the second day of the economic forum in switzerland the russian economy has been at the center of much discussion it follows the russian president opening keynote speech on wednesday the first time russia has been represented at the forum leader in a video. because it was shorter than planned due to monday's attack on donated airport the bombing was the first topic he touched upon in his speech turning to issues of venting manmade disasters and the wiki leaks revelations covers for him last until sunday. by the way on our web site www dot com or ask him what do you think people decide on the devils forum well just seven percent of you think the reform is there to make the world a better place we can see there on screen almost half of you forty one percent believe it's an excuse for the rich to get richer at the expense of those not attending a third think that it's an opportunity for the powerful to plot how to stay in power twenty two percent of you have gone with less on this option you think it's a big fashion fads for being talked about well those are the reaction so far but y

switzerland. or not the meter is here with the latest from the world office. thanks so much rory the markets in russia have reacted calmly to the bombing of domodedovo airport where you have staged a recovery since the initial selloff when the news broke on monday afternoon now joining me to discuss the possible impact of the attack on russia's investment climate is david cardwell chief economist at saxo bank take david thank you very much for being with us so do you think this is a sign that russia's and investment climate has pretty much not been affected i believe it hasn't been affected. empirical test of the terror attacks so showing that. we usually see a recovery in the stock markets. between one and five days after a terror attack has happened i think the same will be the case here no obvious reasons to expect that they will have any lasting impact on the russian investment climate or risk premium for that sake obviously russian airliners might be hit. and that might take some time for them but. i don't see you know if you should have any impact on cas

time financial analyst max kaiser is focusing on the economic aspects of what's being decided in switzerland. they're talking about instituting one hundred trillion dollars of new debt that's one hundred trillion dollars of worth of cocktail napkins was mirrored lipstick that serves one hundred trillion dollars i would exchange the most corrupt bankers for the pay for these overpriced orders. israel's national holocaust museum and the search giant google have announced a joint project a nazi era archives more than one hundred thousand photos and documents from the museum will now be available online this comes as the world marks international holocaust remembrance day on the twenty seventh of january and on this day nine hundred forty five the largest of the nazi concentration camps auschwitz birkenau was liberated by the soviet army it's estimated around six million jews were murdered by the nazi regime in europe even today some questions remain unanswered over what exactly took place during the nazi occupation of poland as history professor young groves explains. what's happened however al

very important for us regarding also the confidence under a petition of the financial center of switzerland and that's why court of the. also political office this is to go. the swiss banking community is known and favored for its discretion and unwillingness to disclose its client information to any investigative party however this time around they may not have a choice but on the plots of the final.

cash units are zurich switzerland will not take a look at some other stories from around the world and tensions are rising lebanon after it called for a day of rage throughout the country to protest against iranian backed hezbollah the shiite militant group secured the support from a majority in parliament to nominate its candidate in the did makati for prime minister this puts the group in a position to control the country's new government protesters who accuse the shia islam's movement of staging a coup are blocking roads and burning tires in several towns and cities. u.s. secretary of state hillary clinton has reiterated her support for mexico's and drug measures she assured president felipe calderon that the obama administration would control the flow of guns and money from the u.s. to the drug cartels clinton called the battle against drug trafficking organizations necessary despite the high cost to human lives more than thirty four thousand people died from drug related killings in mexico over the last four years while the death toll spiking by sixty percent last year. well that

switzerland. our time now for the business with dmitri. welcome to business out of the markets in russia have reacted calmly to the bombing of the madrid of airports equities of staged a recovery since the initial sell off when the news broke on monday afternoon now david cardwell chief economist at saxo bank says this will have little long term impact on russia's investment climate. empirical test of a chair or a check so showing that. we usually see a recovery in the stock markets between one and five days after. as happened i think the same will be the case here no obvious reasons to expect that it will have any lasting impact on the russian investment climate or risk premium for that for the sake obviously russian airliners might be hit. and that might take some time for them but i don't see any you should have any impact on the cash flows anyway also and therefore also not on the i will go for the stocks or the stock market in russia. for a better understanding of take a look at the figures now and you can see that after falling one h

. >> switzerland troweled. rudolph bellmawr's charge with coercion and breaking switzerland's banking secrecy laws. prosecutors say he stole client data after being fired and then try to extort money from the bank and execs. mexican president will be the commencement speaker for student crowd awaiting from stamford this june. according to the university's president views of a life devoted to improving society will be meaningful to graduates. as wallach's experience leading a country. >> we will be back with more of a couple of minutes beard think you for waking up with the kron 4 morning news. a beautiful shot. it is shaky because of the wind. we have wind and clear skies around the bay right now. we will be right back. a quick look at top stories. in earlier out. signs are lit up around the bay of for year-old spanish boy. he was taken by his mother's ex-boyfriend. his name is julie on appear at you was abducted from paterson. they believe he is with rodriguez. he may be headed to san jose. >> majority house r

slower emmott reporting from switzerland and more coverage of the world economic forum in our business bulletin coming up in just a few minutes here on r t. and the russia u.s. strategic arms reduction treaty known as start awaits ratification by russia's upper house of parliament the federation council the treaty has been already ratified by the state duma was in with some interpretations and today's approval is seen more as a formality and our correspondents in corpus can often have more from both sides of the atlantic. they're called special statements because they will not affect the actual implementation of the treaty itself the first one is ensuring moscow's right to set off the deal if it feels threatened by us. and europe and the second one. similar statements previously by the us congress do not free washington from its obligation no this is the third such treaty between russia and the united states the first two were signs from back in one thousand nine hundred. ninety three but this latest one is meant to reduce the number of officers you go into on each side going around on

dimitri medvedev that is to promote investment in russia at the annual economic forum in davos switzerland the president's visit will be shorter than planned due to the attack on moscow's main airport even so it's the first time the country has been represented at the forum by its president. who is in davos explains why. well this is a key moment for both medvedev and for russia and what it really does is put russia at the center of what has become the most important meeting of world business leaders and governments if you looked at the program of course just sort of ten to fifteen years ago it was really exclusive to western leaders in fact it started off as a european business forum but there's been a trend in recent years and it's carried on this year whereby there are schools of indians chinese people and russians there are more than sixty important business leaders and government ministers from russia in davos this year and in fact fewer and fewer western europeans and that's what we see as a balance of power shifts to these emerging markets these bric countries and moves towards what